Beverly Hills Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $65.60 2024 Avg. Asking Rent
  • -0.28% Y-o-Y Avg. Asking Rent Change
  • 16.16% 2024 Office Vacancy Rate
  • $580.6M2024 Total Office Sales
  • $770.37Avg. Sale Price/SF

Beverly Hills office price per square foot in 2024 was $65.60 on average. This marked a -0.28% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 16.16% across all asset classes combined. The 8 transactions that closed here throughout 2024 amounted to a total sale volume of $580.6M. Beverly Hills office space commanded an average sale price per square foot of $770.37.

See how this market compares to the national average: U.S. office space rent & sales.

Average Rent by Office Class

2024 Average Office Rent per Square Foot

  • Beverly Hills Class A & A+ Office Space$65.80
  • Beverly Hills Class B Office Space$65.37
  • California Class A & A+ Office Space$60.31
  • California Class B Office Space$38.42
  • California Class C Office Space$26.20

Beverly Hills, CA Office Asking Rents by Class

Office Spaces for Rent in California

Beverly Hills Office Sale Price per SF

  • $770.372024 Avg. Price per SF
  • 46.83%Y-o-Y Avg. PpSF Change
  • $580.6M2024 Office Sales Volume
  • 82024 Number of Transactions

Beverly Hills, CA Sale Price per SF Trend

  • Beverly Hills Avg. Sale Price per SF in 2024$770.37
  • California Avg. Sale Price per SF in 2024$249.15
Beverly Hills office space cost in 2024 marked a +46.83% change compared to the previous year. The sale price for office space in Beverly Hills averaged $770.37 per square foot in 2024, across all market subdivisions and asset classes. Conversely, the statewide California average office sale price during the same time period was $249.15 per square foot.

2024 Office Sales Volume

  • Beverly Hills, CA Total Office Sales Volume in 2024 $580.6M
  • Beverly Hills, CA Total Number of Office Sales Closed in 2024 8
A total of 8 deals closed on the Beverly Hills office market in 2024, adding up to a yearly sales volume of $580.6M. Notably, the largest transaction on the market saw 407 North Maple change hands for $118,273,500 on 9/5/2024.
Data provided by Commercial Edge

Coworking Spaces in California

2024 Office Construction in Beverly Hills, CA

Largest Office Properties Recently Completed in Beverly Hills
Office building Address SF Completed
257 North Canon Drive 257 North Canon Drive, 90210 49,097 2017
Foothill Building 331 Foothill Rd., 90210 70,000 2010
Executive Office Suites 468 N Camden Dr, 90210 120 1994
Wilshire Robertson Plaza 8750 Wilshire Blvd, 90211 119,421 1991
Village on Canon 301 North Canon Drive, 90210 101,015 1989
436 Bedford 436 N Bedford Dr, 90210 76,273 1989
Beverly Atrium 350 South Beverly Drive, 90212 64,526 1989
9430 W Olympic Blvd 9430 W Olympic Blvd, 90212 15,743 1989
9430 W Olympic Blvd 9430 W Olympic Blvd, 90212 14,475 1989
8641 Wilshire Blvd 8641 Wilshire Blvd, 90211 56,816 1986

Worth noting among recent office completions on the Beverly Hills market is 257 North Canon Drive, which is currently the largest new office development in the city, at 49,097 square feet.

Data provided by Commercial Edge

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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Beverly Hills commercial properties sized 25,000 square feet or larger.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.